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Weak China PMI exacerbates bearish sentiment for shares, euro
Asian shares and the euro extended losses on Friday, with Japan's Nikkei poised to log its longest losing streak in two decades, as weak Chinese factory data highlighted concerns that the euro zone debt crisis will further undermine global economic growth.

The data comes amid escalating worries about Spain's banking system and the fate of Greece with the euro bloc, which are spurring a flight to safe-haven assets.

China's official purchasing managers' index (PMI) fell to 50.4 in May, down from April's 13-month high of 53.3 and below the 52.2 forecast, weakness that was confirmed by a separate HSBC's PMI survey which showed the manufacturing sector contracting for a seventh month in a row.

The euro hit a fresh 23-month low against the dollar at $1.2324 and the Australian dollar fell to an eight-month low around $0.9650.

http://finance.yahoo.com/news/global-shares-ease-wary-china-004723290.html